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    OFF-MARKET
    Land

    2236 Us-70, Swannanoa, NC 28778

    2.29 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 2.29-acre commercial land parcel presents a unique investment opportunity in Swannanoa, North Carolina. Ideally situated at 2236 US-70, this CS-zoned property boasts high visibility and accessibility, located approximately 15-20 minutes from downtown Asheville and only about one mile from I-40, a major thoroughfare with an average annual daily traffic count of approximately 50,000 vehicles. The property's strategic location also places it within a 10-minute radius of the VA hospital, the scenic Blue Ridge Parkway, and the John B Lewis soccer fields. US-70 itself sees approximately 11,000 vehicles daily. The site's proximity to two recently constructed multifamily developments (60 and 95 units respectively) further underscores its potential for significant development. While two existing houses are on the property, they are not factored into the asking price of $1,100,000 and have month-to-month tenants. A sewer line runs along a nearby stream. Note that a sewer easement exists along Franklin Road. This property, outside Asheville city limits, presents a compelling opportunity for affordable housing development or other commercial ventures. The Buncombe County APN is 9689-50-9348-00000.

    Property profile
    Verified
    Property type Land
    Lot 2.29 ac (99,752 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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